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Mandelic Acid Market: Global Industry Analysis and Forecast (2024-2030)
The Mandelic Acid Market size was valued at USD 0.25 Bn. in 2023 and the Mandelic Acid revenue is expected to grow at a CAGR of 14 % from 2024 to 2030, reaching nearly USD 0.64 Bn. by 2030.
Format : PDF | Report ID : SMR_1945
Mandelic Acid Market Overview
Mandelic Acid is a type of gentle alpha hydroxy acid (AHA). It helps to reduce acne, fine lines, and wrinkles and improve the appearance of uneven skin. As a person ages, skin renewal slows down, causing the skin to lose elasticity, discolor, and develop fine lines and wrinkles. Several skin care products contain Mandelic Acid, and these include facial cleansers to chemical peels. It is also available in different concentrations, depending on the product. Many cosmetic companies describe Mandelic Acid as a gentle AHA, so it is suitable for people with sensitive skin or those who find other chemical exfoliants too strong for their skin. Mandelic Acid offers several skincare benefits, including exfoliation, which helps remove dead skin cells, unclog pores, and promote cell turnover. It’s also renowned for its efficacy in treating acne, hyperpigmentation, and fine lines, making it a versatile choice for various skin concerns.
The report offers an in-depth analysis of the Mandelic Acid Market, covering various segments, and geographic regions. It provides a holistic view of the market's current status and future potential. The report highlights the key players and manufacturers and the latest strategies including new product launches, partnerships, joint ventures, technology, segmentation in terms of region and industry competition, profit and loss ratio, and investment ideas.
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Mandelic Acid Market Dynamics:
Rising Demand for Mandelic Acid in Personal Care Products
Increasing consumer concern in personal care is growing the requirement for Mandelic Acid. The rising demand for Mandelic Acid in skincare products, particularly in anti-aging and acne treatments, is expected to drive market growth. The growing awareness among consumers regarding the benefits of natural and organic ingredients in personal care products is boosting the demand for Mandelic Acid.
Additionally, Environmental Sustainability in Mandelic Acid Production is driving the market. There has been a growing emphasis on sustainability in chemical manufacturing. Efforts are made to minimize waste and reduce the environmental impact of Mandelic Acid production. These include recycling solvents, optimizing reaction conditions, and implementing greener chemistry principles to reduce the use of hazardous chemicals. Manufacturers actively educate both skin care professionals and consumers about the benefits and proper use of Mandelic Acid products. It includes providing comprehensive information about ingredients, applications, and potential outcomes. Manufacturers empower individuals to make informed choices for their skincare routines by fostering awareness and understanding.
Navigating Regulatory Compliance and Raw Material Price Volatility
Mandelic acid is used in various industries, including pharmaceuticals, cosmetics, and skincare. Regulatory compliance, including adherence to quality standards and safety regulations, poses a significant challenge for manufacturers. Strict regulations regarding product labeling, ingredient purity, and manufacturing processes require companies to invest in compliance measures to ensure market access and consumer safety. In addition, Fluctuating prices of raw materials used in the synthesis of (S)-Mandelic Acid impact profit margins for manufacturers in the Mandelic Acid Market. Price volatility in raw materials affects profit margins and competitiveness in the market. Companies explore alternative sourcing options, forward contracts, or hedging strategies to manage price risks effectively.
Mandelic Acid Market Segment Analysis:
By Type, the DL Type segment dominated the Mandelic Acid Market in 2023. DL-Mandelic Acid is a chemical compound primarily used in the skincare industry, specifically in the production of anti-aging and acne treatment products. It is known for its exfoliating and antibacterial properties, making it an effective ingredient for improving the appearance of skin and reducing acne breakouts. DL-Mandelic Acid is also used in the production of drugs and the synthesis of various chemicals. The market is also seeing a rise in the adoption of DL-Mandelic Acid in the pharmaceutical industry for the treatment of acne, hyperpigmentation, and aging-related conditions.
Additionally, manufacturers are exploring sustainable and eco-friendly production processes to meet the rising consumer demand and to align with environmental regulations. Keyuan Biopharm is one of the leading players in the DL-Mandelic Acid market. The company has a strong presence in the pharmaceutical industry and specializes in the research, development, and production of active pharmaceutical ingredients. Keyuan Biopharm has a robust history of producing high-quality DL-Mandelic Acid, which has contributed to its positive market growth.
Mandelic Acid Market Regional Insight:
North America has dominated the region in 2023 for the Mandelic Acid Market. Rising advancements in active pharmaceutical drug manufacturing along with extensive investments in the pharmaceutical industry are expected to be boosting the mandelic acid market growth. The product is used to create a variety of pharmaceutical active components, including anti-inflammatory and antibacterial medications. Skincare trends are constantly evolving in the region, driven by consumer preferences and advances in dermatological science. Manufacturers stay attuned to these shifts and adapt their product offerings accordingly. Whether it’s the demand for natural ingredients, sustainable packaging, or specific skincare benefits, Mandelic Acid manufacturers remain flexible to meet these evolving demands.
- India exports most of its Dl mandelic acid to the United States, Spain, and Germany and is the 2nd largest exporter of Dl mandelic acid in the World.
Mandelic Acid Market Competitive Landscape:
- In June 2023, Paula's Choice, a prominent skincare brand, unveiled its Resist Daily Smoothing Treatment with 10% Mandelic Acid. This moisturizer is designed to not only moisturize the skin but also exfoliate it, promoting a smoother appearance and reducing the visibility of fine lines and wrinkles.
- In July 2023, The Inkey List, another well-known skincare brand, launched its Mandelic Acid 10% Exfoliating Solution. This serum targets skin exfoliation, aiming to enhance the skin's texture and diminish the appearance of blemishes.
Mandelic Acid Market Scope
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Mandelic Acid Market |
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Market Size in 2023 |
USD 0.25 Bn. |
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Market Size in 2030 |
USD 0.64 Bn. |
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CAGR (2024-2030) |
14 % |
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Historic Data |
2018-2022 |
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Base Year |
2023 |
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Forecast Period |
2024-2030 |
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Segments |
By Type DL Type L Type D Type |
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by Application Pharmaceutical Cosmetics & Personal Care Textiles & Dye Intermediates Others |
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Regional Scope |
North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Russia, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America |
Mandelic Acid Market Key Players
- cayman chemical company
- MedChemExpress
- Spectrum Laboratory Products, Inc
- Glytone
- KANTO CHEMICAL CO., INC.
- LONGCHANG CHEMICAL
- Merck
- Central Drug House
- BASF
- VladaChem
- Toronto Research Chemicals
- Apollo Scientific
- EVONIK
- Guangzhou Tinci Materials Technology
- Anhui Sunsing Chemicals Co., Ltd.
- Hanhong
- Thermo Fisher Scientific Inc.
- Haihang Industry Co.
- Santa Cruz Biotechnology. Inc.
- XXX Inc.
Frequently Asked Questions
Fluctuating prices of raw materials used in the synthesis of (S)-Mandelic Acid impact profit margins for manufacturers in the Mandelic Acid Market.
The Market size was valued at USD 0.25 Billion in 2023 and the total Market revenue is expected to grow at a CAGR of 14 % from 2024 to 2030, reaching nearly USD 0.64 Billion.
The segments covered in the market report are by Type, and Application.
1. Research Methodology
1.1 Research Data
1.1.1. Primary Data
1.1.2. Secondary Data
1.2. Market Size Estimation
1.2.1. Bottom-Up Approach
1.2.2. Top-Down Approach
1.3. Market Breakdown and Data Triangulation
1.4. Research Assumption
2. Mandelic Acid Market: Executive Summary
2.1. Market Overview
2.2. Market Size (2023) and Forecast (2024 – 2030) and Y-O-Y%
2.3. Market Size (USD) and Market Share (%) – By Segments and Regions
3. Global Mandelic Acid Market: Competitive Landscape
3.1. SMR Competition Matrix
3.2. Key Players Benchmarking
3.2.1. Company Name
3.2.2. Headquarter
3.2.3. Product Segment
3.2.4. End-user Segment
3.2.5. Y-O-Y%
3.2.6. Revenue (2023)
3.2.7. Profit Margin
3.2.8. Market Share
3.2.9. Company Locations
3.3. Market Structure
3.3.1. Market Leaders
3.3.2. Market Followers
3.3.3. Emerging Players
3.4. Consolidation of the Market
3.4.1. Strategic Initiatives and Developments
3.4.2. Mergers and Acquisitions
3.4.3. Collaborations and Partnerships
3.4.4. Product Launches and Innovations
4. Mandelic Acid Market: Dynamics
4.1. Mandelic Acid Market Trends by Region
4.1.1. North America
4.1.2. Europe
4.1.3. Asia Pacific
4.1.4. Middle East and Africa
4.1.5. South America
4.2. Mandelic Acid Market Drivers
4.3. Mandelic Acid Market Restraints
4.4. Mandelic Acid Market Opportunities
4.5. Mandelic Acid Market Challenges
4.6. PORTER’s Five Forces Analysis
4.6.1. Intensity of the Rivalry
4.6.2. Threat of New Entrants
4.6.3. Bargaining Power of Suppliers
4.6.4. Bargaining Power of Buyers
4.6.5. Threat of Substitutes
4.7. PESTLE Analysis
4.7.1. Political Factors
4.7.2. Economic Factors
4.7.3. Social Factors
4.7.4. Technological Factor
4.7.5. Legal Factors
4.7.6. Environmental Factors
4.8. Technological Roadmap
4.9. Value Chain Analysis
4.10. Regulatory Landscape by Region
4.10.1. North America
4.10.2. Europe
4.10.3. Asia Pacific
4.10.4. Middle East and Africa
4.10.5. South America
5. Mandelic Acid Market: Global Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030)
5.1. Mandelic Acid Market Size and Forecast, by Type (2023-2030)
5.1.1. DL Type
5.1.2. L Type
5.1.3. D Type
5.2. Mandelic Acid Market Size and Forecast, by Application (2023-2030)
5.2.1. Pharmaceutical
5.2.2. Cosmetics & Personal Care
5.2.3. Textiles & Dye Intermediates
5.2.4. Others
5.3. Mandelic Acid Market Size and Forecast, by Region (2023-2030)
5.3.1. North America
5.3.2. Europe
5.3.3. Asia Pacific
5.3.4. Middle East and Africa
5.3.5. South America
6. North America Mandelic Acid Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030)
6.1. North America Mandelic Acid Market Size and Forecast, by Type (2023-2030)
6.1.1. DL Type
6.1.2. L Type
6.1.3. D Type
6.2. North America Mandelic Acid Market Size and Forecast, by Application (2023-2030)
6.2.1. Pharmaceutical
6.2.2. Cosmetics & Personal Care
6.2.3. Textiles & Dye Intermediates
6.2.4. Others
6.3. North America Mandelic Acid Market Size and Forecast, by Country (2023-2030)
6.3.1. United States
6.3.2. Canada
6.3.3. Mexico
7. Europe Mandelic Acid Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030)
7.1. Europe Mandelic Acid Market Size and Forecast, by Type (2023-2030)
7.2. Europe Mandelic Acid Market Size and Forecast, by Application (2023-2030)
7.3. Europe Mandelic Acid Market Size and Forecast, by Country (2023-2030)
7.3.1. United Kingdom
7.3.2. France
7.3.3. Germany
7.3.4. Italy
7.3.5. Spain
7.3.6. Sweden
7.3.7. Austria
7.3.8. Rest of Europe
8. Asia Pacific Mandelic Acid Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030)
8.1. Asia Pacific Mandelic Acid Market Size and Forecast, by Type (2023-2030)
8.2. Asia Pacific Mandelic Acid Market Size and Forecast, by Application (2023-2030)
8.3. Asia Pacific Mandelic Acid Market Size and Forecast, by Country (2023-2030)
8.3.1. China
8.3.2. S Korea
8.3.3. Japan
8.3.4. India
8.3.5. Australia
8.3.6. Indonesia
8.3.7. Malaysia
8.3.8. Vietnam
8.3.9. Taiwan
8.3.10. Rest of Asia Pacific
9. Middle East and Africa Mandelic Acid Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030)
9.1. Middle East and Africa Mandelic Acid Market Size and Forecast, by Type (2023-2030)
9.2. Middle East and Africa Mandelic Acid Market Size and Forecast, by Application (2023-2030)
9.3. Middle East and Africa Mandelic Acid Market Size and Forecast, by Country (2023-2030)
9.3.1. South Africa
9.3.2. GCC
9.3.3. Nigeria
9.3.4. Rest of ME&A
10. South America Mandelic Acid Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030)
10.1. South America Mandelic Acid Market Size and Forecast, by Type (2023-2030)
10.2. South America Mandelic Acid Market Size and Forecast, by Application (2023-2030)
10.3. South America Mandelic Acid Market Size and Forecast, by Country (2023-2030)
10.3.1. Brazil
10.3.2. Argentina
10.3.3. Rest Of South America
11. Company Profile: Key Players
11.1. cayman chemical company
11.1.1. Company Overview
11.1.2. Business Portfolio
11.1.3. Financial Overview
11.1.3.1. Total Revenue
11.1.3.2. Segment Revenue
11.1.3.3. Regional Revenue
11.1.4. SWOT Analysis
11.1.5. Strategic Analysis
11.1.6. Recent Developments
11.2. MedChemExpress
11.3. Spectrum Laboratory Products, Inc
11.4. Glytone
11.5. KANTO CHEMICAL CO., INC.
11.6. LONGCHANG CHEMICAL
11.7. Merck
11.8. Central Drug House
11.9. BASF
11.10. VladaChem
11.11. Toronto Research Chemicals
11.12. Apollo Scientific
11.13. EVONIK
11.14. Guangzhou Tinci Materials Technology
11.15. Anhui Sunsing Chemicals Co., Ltd.
11.16. Hanhong
11.17. Thermo Fisher Scientific Inc.
11.18. Haihang Industry Co.
11.19. Santa Cruz Biotechnology. Inc.
11.20. XXX Inc.
12. Key Findings
13. Analyst Recommendations
13.1. Strategic Recommendations
13.2. Future Outlook
